CashBoxNG review (Is Cashbox legit)
Table of Contents
CashBoxNG review (Is Cashbox legit)
Read all about CashBox in this CashBoxNG review.
Saving is necessary to managing money and also for future investments. There are lots of people who can’t save. Either because they don’t have enough to save or simply just lack the discipline.
CashBox is a digital savings platform that helps everyone “Make saving a habit”. CashBox was founded as a fun way to encourage a healthy saving habit and help curb excessive spending all on a seamless and easy-to-use interface.
CashBox is all about financial discipline and encouraging the habit of “save small small”. They believe little drops make a mighty ocean. With regular saving, it will amaze you at how much you can save.
Cashbox is similar to the likes of Piggyvest and cowrywise and you can start your saving journey with as low as 100 naira.
In this Cashbox review, I am going to be writing about all you will need to know about this platform under the following sub-topics “Is CashBox legit?”, “How does CashBox work?”, “Cashbox registration”, “Cashbox app”, “Cashbox customer support”, “How to withdraw money on CashBox”, “CashBox feature” and more.
Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
What is CashBox?
CashBox is a digital savings platform that helps everyone “Make saving a habit”. CashBox was founded as a fun way to encourage a healthy saving habit and help curb excessive spending all on a seamless and easy-to-use interface.
CashBox is all about financial discipline and encouraging the habit of “save small small”. They believe little drops make a mighty ocean. With regular saving, it will amaze you at how much you can save.
Cashbox is similar to the likes of Piggyvest and cowrywise and you can start your saving journey with as low as 100 naira.
CASHBOX is a digital savings platform owned by Cashbox Global Services Limited (RC1529133)
How does CashBox work?
Create a profile
Create a free profile in less than one minute with your full name, email and phone number. Choose from any of our saving plans and securely start saving. Users can save as low as ₦100 or as high as whatever limit user chooses to save.
Select a savings plan
Securely add your ATM/Bank card to your profile and CashBox will automatically debit your bank account either daily, weekly or monthly for your set savings amount as created by you, and will save this into your CashBox savings plan. Users earn up to 15% interest p.a depending on chosen plan and savings balance.
Withdraw your money periodically
CashBox is all about encouraging a healthy savings habit. We encourage users to save as long as possible and resist the urge to withdraw except when extremely necessary. Some plans do not allow withdrawal until maturity (Target, Vault, Cliques). Other plans allow users to withdraw any one time and also on our free withdrawal days (Mar 1st, June 1st, Sept 1st and Dec 1st).
Features of CashBox
Target
This plan lets you save consistently (daily/weekly/monthly) towards a set goal while earning up to 10% p.a on your savings. Withdrawal is done on plan maturity.
Recommended for disciplined savings towards a goal (education, rent, vacation etc).
Regular
Auto save regularly (daily/weekly/monthly) and also earn up to 10% p.a. on savings. Withdrawal is easily done once and also on our free withdrawal days which is once in a quarter, limiting the maximum number of withdrawals to twice in a quarter.
Vault
This plan is a personalized fixed deposit account that earns 10-15% p.a depending on chosen tenor. Savers can lock funds for a period of 90 days or more, and earn interest upfront immediately. Withdrawal is made upon plan maturity.
Swift
Save any amount, any time without necessarily creating an automated savings plan. For users without an ATM card, saving is possible via bank transfer. All bank transfers made into CashBox reflects in Swift balance.
Cliques
Save in bits with family, friends and colleagues to achieve a set goal. Earn up to 10% p.a on savings.
Though savings is done together, no one has access to your funds but you alone. This works like a traditional cooperative system, but a lot more fun, secured and motivates everyone to have a savings culture.
Withdrawal
We encourage users to save money as long as possible while earning high interest on it. However, users can withdraw for free from select plans (Regular, Swift) on their set Free Withdrawal Days.
Once a user chooses their free withdrawal day, the next free withdrawal days are automatically calculated 30 days from the previous one.
It is important to note that users of these plans can also withdraw any one time at a 5% penalty charge of the amount being withdrawn. All other plans can only withdraw at maturity, helping users remain disciplined and easily save towards set goals.
CashBox Sign up/registration
To sign up on Cashbox, follow the below instructions:
- Visit https://cashboxng.com
- Click on SIGN UP
- Input the required details like first name, last name, phone number, email address and password.
- Click on SIGN UP
Cashbox login
To login to Cashbox, you will need the below:
- Email or phone number
- Password
CashBox contact details
Phone number: +234 8088888110
Email address: contact@cashboxng.com
Address: G18 Millenium Estate, Oniru, Victoria Island 101242, Lagos.
Is CashBox Legit?
CashBox was built using Bank Grade security features. Your personal and card details are safe as all payments are handled through Flutterwave and Paystack which operates one of the best payment technology in the world which top companies like Uber, Booking.com, MTN, Bolt, Nairabet and many more use.
Frequently asked questions (FAQs)
What does it cost to start using Cashbox?
CashBox is absolutely FREE, all you have to do is register your profile, set a direct debit on your ATM card or save using bank transfer feature.
Can I withdraw my money from CashBox at any time?
CashBox is a savings platform that encourages financial discipline, so we encourage users to save money as long as possible while earning high interest on it and only withdraw when extremely necessary.
Some plans do not allow withdrawal until maturity (Target, Vault, Cliques). Other plans allow users to withdraw any one time at a 5% penal charge and also on free withdrawal days set by the user at no charge, making it a maximum of two times in a quarter.
How much interest do I get on my savings?
You earn up to 10% interest p.a on (Target, Regular, Swift, Cliques) and up to 15% interest p.a on (Vault). Interest is accrued daily into (Target, Regular, Swift, Cliques). For (Vault), interest is earned upfront.
Conclusion
Thank you for reading my CashBoxNG review. If you have any comment or question, you can leave it below in the comment section.
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